Fifth Third Bancorp Layoffs

Fifth Third Bancorp company profile

Messages relating to layoffs at
Fifth Third Bancorp
are presented below the company info.

Company information:

Industry/Area of Activity:

Banks

Company Stock Ticker:

FITB

Stock traded at:

NASDAQ

Industry Code:

8355

About Fifth Third Bancorp:

Fifth Third Bank (5/3 Bank) is a large bank headquartered in Cincinnati, Ohio. The bank operates in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.
The name "Fifth Third" is comes from the names of the bank's two predecessor companies, Third National Bank and Fifth National Bank, which merged in 1908.

Fifth Third Bank is closing 44 branches in the Chicago area next month in the wake of its $4.7 billion acquisition of MB Financial. Nearly 1 in 5 locations of the combined bank will close on July 9 and 10, Fifth Third spokesman Larry Magnesen said...
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I feel sorry for the folks losing their jobs, but at least it's not us this time... The Cincinnati, Ohio-based bank, which last month completed its merger with Chicago's MB Financial Bank, plans to let go 470 workers from two MB Financial corporate...
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This time the bank is cutting 87 people in Ann Arbor. So I guess the MB Financial acquisitions remains the gift that keeps on giving. I have a feeling that Fifth Third will use that as an excuse for more layoffs for years to come, even if we all know...
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i'm not surprised layoffs were needed. we've been going downhill for quite a while, this is just natural extension of that. when's the last time our equipment has been upgraded? i can't remember, and i've been here for a while. for a long time pay...
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I was not among those laid off but I almost wish I was. This used to be a good company, but things changed drastically in the last decade or so. Unethical treatment of employees and even customers by some of the managers has become the norm. Ethics...
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I'd really like to know who made the decision on who will be laid off and based on what criteria. At my location we lost some of our best people who have been with the company for decades. Where is the logic in this? Do they not see that saving money...
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There are layoffs happening across the company. Some people I know have worked at the bank 30 years are being laid off in some IT departments near me. Management meeting indicating that the company is re-organizing across all areas.